Argentina Lithium Enters into Amendment to Previously Executed Paso de Sico Option Agreement

Core Viewpoint - Argentina Lithium & Energy Corp has amended its option agreement to modify the payment schedule and establish the share value to be issued upon exercising the option [1][2]. Group 1: Option Agreement Details - On September 20, 2022, Argentina Lithium's subsidiary, Argentina Litio Y Energia S.A. (ALE), entered into the Paso de Sico Option Agreement to acquire a 100% interest in four mine concessions totaling 791.3 hectares at the Salar de Rincon [2]. - The total cash payments required to exercise the Paso de Sico Option amount to US$1,500,000, to be paid over three years [2]. - The fifth and final cash payment of US$418,000 has been extended from March 31, 2025, to September 30, 2025, with an additional extension fee of US$41,800 [2]. Group 2: Share Issuance and Financial Terms - The Company plans to pay the extension fee by issuing 995,954 shares at a price of $0.06 per share, based on the Bank of Canada exchange rate of 1.4296 (USD/CAD) as of March 25, 2025 [2]. - The amendment to the option agreement is subject to approval from the TSX Venture Exchange [2]. Group 3: Company Overview - Argentina Lithium & Energy Corp focuses on acquiring high-quality lithium projects in Argentina to meet the growing global demand from the battery sector [3]. - The Company has strategic investment from Peugeot Citroen Argentina S.A., a subsidiary of Stellantis N.V., positioning it well in the lithium market [3]. - Argentina Lithium has assembled significant lithium properties in the "Lithium Triangle," covering over 70,000 hectares [3].